Thursday March 28th, 2019
Sleep: 7 hours. Mood: good, ready to trade.
First trade of the day was an ORBU in AMD. i missed the ORBD but when i saw the big volume and the punch through VWAP and the MAs i thought it would make a good long trade. sold half at the HOTD and another half at the previous previous day low. got out the last piece after the engulfing candle at 10:10.
GOOD: waited for a good opportunity. got a decent entry.
RFI: sold first half too early
MOOD: good.
CONSISTENT: yes.
I was waiting for a double top in AMD after i got out of my last trade. ended up getting back in on the short side once it made a new 5min low below the PPDC line. I chased the entry a little bit, i could have waited a minute of two and got a better entry. i risked the HOTD to the 200MA on the 5min chart that was also right around the even $25 level. sold half at VWAP too early but it didn't sell off like i expected it to and i was afraid of it bouncing off the VWAP. I shouldn't have been concerned because it ended up hitting my profit target and i got all out.
GOOD: waited for confirmation it was a short.
RFI: got in too early and out on my first half too soon.
MOOD: good.
CONSISTENT: not on the first half.
What i did good today: Only took trades i was confident in.
What i did bad today: Nerves are still present on my selling. it's my first week back live trading so i'm not too hard on myself for this.
What can i do better tomorrow: Set range orders for slower moving stocks past 10:30 so i don't over analyze the price action.